This property might be a fair Mid-Term investment with a projected 3.58% first-year return on $66,090 initial cash invested.
3.58%
Cash On Cash
8.11%
Cap Rate
1.24
DSCR
$2,469
Rent
$197
Cashflow
Cash Flow
$2,469 income − $2,272 expenses = $197 cash flow
Investment Breakdown
|
Purchase Price
$229k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,090
Downpayment
20%
$45,800
Closing costs
1%
$2,290
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,469
Total Expenses
$2,272
Mortgage P&I
51%
$1,252
Property Taxes
4%
$100
Home Insurance
3%
$80
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$272